Overview
SMBleed Vulnerability (CVE-2020-1206): “An information disclosure vulnerability exists in the way that the Microsoft Server Message Block 3.1.1 (SMBv3) protocol handles certain requests, aka Windows SMBv3 Client/Server Information Disclosure Vulnerability.”
Description
SMB is a protocol that provides a rich set of features such as file sharing, network browsing, printing services and interprocess communication over a network.
A information disclosure vulnerability exists in SMBv3 on Microsoft Windows. Vulnerability allows a malicious user to obtain sensitive information by leaking kernel memory remotely, caused by improper handling of requests by the Server Message Block (SMBv3) protocol.
To exploit the vulnerability against a client, an unauthenticated attacker would need to configure a malicious SMBv3 server and convince a user to connect to it.
The SMBleed Vulnerability (CVE-2020-1206) stems from a flaw that resides in SMB’s decompression function, i.e., a buffer overflow vulnerability exists in the handling of compressed data packets.
A similar vulnerability (SMBGhost) that exploits the decompression function of the SMB came to light a few months prior to SMBleed. This could also allow attackers to exercise more dangerous attacks by chaining SMBleed with SMBGhost.
Impact
A remote unauthenticated attacker can obtain sensitive information from kernel memory and then use this information to launch further attacks against the affected system.
Impact Summary
Category: Information Disclosure
CVSS 3.1 Base Score: 7.5 High
CVSS 3.1 Vector: AV:N/AC:L/PR:N/UI:N/S:U/C:H/I:N/A:N
Solution (Update/Workaround)
Security updates to fix the SMBleed Vulnerability (CVE-2020-1206) have been provided for Windows 10 and Windows Servers.
As a workaround, SMBv3 compression can be disabled to prevent attacks against the SMBv3 Server. Note that, disabling SMBv3 compression will not prevent the exploitation of SMB clients.
Alternatively, as a work around, TCP port 445 can be blocked on firewalls and client computers.

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References to Advisories, Solutions and Tools
To learn more about SMB related vulnerabilities, you could also read our article SMBGhost Vulnerability (CVE-2020-0796).
You could also read our popular articles What is a Security Vulnerability? or What is Vulnerability Scanning?